GT Advanced Technologies Announces First Order from an Incumbent Polysilicon Producer for $101.3 Million in CVD Reactors and Ancillary Equipment

MERRIMACK, N.H.--(BUSINESS WIRE)--Jan. 9, 2012--
GT Advanced Technologies Inc., (NASDAQ: GTAT), today announced that it
has received a $101.3 million dollar order for CVD reactors and
ancillary production equipment from an incumbent polysilicon producer.
This is a follow-on order to an engineering services contract booked in
the second quarter of FY12. The new order had been included in GT’s
backlog for its Q3 FY12, which ended on December 31, 2011.

“This sale is a noteworthy milestone as it represents the first time GT
has sold its CVD reactors to one of the large incumbent polysilicon
producers,” said Tom Gutierrez, president, chief executive officer of
GT. “It further demonstrates our ability to supply the polysilicon
industry with highly efficient equipment and services that enable the
production of low-cost, high quality polysilicon. We have worked with
this customer for some time and we look forward to continuing to support
their business with GT equipment and services.”

About GT Advanced Technologies Inc.

GT Advanced Technologies Inc. is a global provider of polysilicon
production technology, and sapphire and silicon crystalline growth
systems and materials for the solar, LED and other specialty markets.
The company's products and services allow its customers to optimize
their manufacturing environments and lower their cost of ownership. For
additional information about GT Advanced Technologies, please visit www.gtat.com.

Forward-Looking Statements

Some of the statements in this press release are forward-looking in
nature, including statements regarding expected revenue from customer
contracts. These statements are based on management’s current
expectations or beliefs.These forward-looking statements are not
a guarantee of performance and are subject to a number of uncertainties
and other factors, many of which are outside the Company’s control,
which could cause actual events to differ materially from those
expressed or implied by the statements.Factors that may cause
actual events to differ materially from those expressed or implied by
our forward-looking statements include the possibility that the Company
is unable to recognize revenue on customer contracts, that technological
changes could render existing products or technologies obsolete, the
Company may be unable to protect its intellectual property rights,
competition from other manufacturers may increase, exchange rate
fluctuations and conditions in the credit markets and economy may reduce
demand for the Company’s products and various other risks as outlined in
GT Advanced Technologies Inc’s (formerly Solar International, Inc.)
filings with the Securities and Exchange Commission, including the
statements under the heading “Risk Factors” in the Company’s annual
report on Form 10-K for fiscal 2011filed on May 26, 2011 and
quarterly report on Form 10-Q for the second quarter of fiscal 2012
filed on November 9, 2011. GT Advanced Technologies, Inc. is under no
obligation to, and expressly disclaims any such obligation to, update or
alter its forward-looking statements, whether as a result of new
information, future events, or otherwise.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding GT Advanced Technologies Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.